NORFOLK ROTARY CHARITIES INC (EIN 541918783) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

DAVE DUNCAN

Phone

7576227971

Tax Period

2024-07-01 to 2025-06-30

NORFOLK ROTARY CHARITIES INC, founded in 2003, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $71K in total revenue in fiscal year 2017. Revenue surged 28% from the prior year, signaling strong growth momentum. Net assets of $662K represent 112 months of operating reserves.

Mission

NORFOLK ROTARY CHARITIES, INC., IS FORMED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND LITERARY PURPOSES INCLUDING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $114,922

Program Service Revenue $0

Investment Income $955

Other Revenue $14,283

TOTAL REVENUE $130,160

Expense Breakdown

Grants Paid $95,022

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,022

Other Expenses $14,767

TOTAL EXPENSES $109,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,160	$133,020	0.0%
Expenses	$109,789	$107,788	+0.0%
Net Income	$20,371	$25,232	-0.2%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURABETH DEHORITY	VP, SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVE DUNCAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BARBARA LIPSKIS	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
SIGUR WHITAKER	FOUNDATION CHAIR	1.00	Officer Director	$0	$0	$0
KAREN GRINNAN	DIRECTOR	1.00	Director	$0	$0	$0
ROB SULT	DIRECTOR	1.00	Director	$0	$0	$0
ED KELLAM	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BUGG	DIRECTOR	1.00	Director	$0	$0	$0
JOHN EHEHALT	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR SCHOONOVER	DIRECTOR	1.00	Director	$0	$0	$0
LORNA COCHRANE	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$130,160	$109,789	$931,987	$20,371
2024	$133,020	$107,788	$924,580	$25,232
2023	$92,305	$79,570	$833,857	$12,735
2022	$86,476	$74,682	$885,056	$11,794
2021	$44,317	$60,484	$842,168	$-16,167
2020	$144,332	$85,848	$668,413	$58,484
2019	$63,761	$83,614	$659,794	$-19,853
2018	$70,769	$70,232	$663,299	$537

NORFOLK ROTARY CHARITIES INC